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Daily Archives: June 28, 2020

Sindh coronavirus tally jumps to 80,446 after 2,179 new infections


June 28, 2020

KARACHI: 2,179 fresh coronavirus cases were detected in Sindh in the past 24 hours after 9,244 tests conducted in the province. Chief Minister of Sindh Syed Murad Ali Shah in a statement on the coronavirus situation said that the total number of infections across the province has soared to 80,446 as the province conducted a total of 4,35,393 tests. Shah …

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17 more fall prey to COVID-19 in Punjab


June 28, 2020

LAHORE: Punjab has reported 1,322 new coronavirus cases, taking the provincial tally to 74,202, according to the Primary and Secondary Healthcare Department. It has also reported 17 additional deaths, taking the total number of fatalities from the virus to 1,673. More than 25,000 people have recovered from the virus in Punjab thus far. 1322 fresh cases were detected after 6,600 …

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Brazil signs deal to produce Oxford coronavirus vaccine


June 28, 2020

Brazil said Saturday it had reached a deal to produce up to 100 million doses of the coronavirus vaccine being developed by Oxford University, which the country is helping to test. The vaccine, which Oxford is working on with pharmaceuticals group AstraZeneca, is one of the most promising of the dozens that researchers worldwide are racing to test and bring …

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Youtube gearing up to rival TikTok with 15 second videos


June 28, 2020

Google-owned YouTube appears to have taken an aim at TikTok as the streaming giant has now started testing a way to record multi-segment videos that run up to a maximum length of 15 seconds. The 15-second video format, made popular by TikTok, is now being increasingly tried by other social media platforms as well. YouTube announced its intention to give …

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Germany’s beleaguered Wirecard to proceed with business after insolvency


June 28, 2020

BERLIN: Wirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly. “The management board is of the opinion that continuation is in the best interests of the creditors,” it said in a statement. “Whether insolvency proceedings will be opened …

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A crude fall of fortunes


June 28, 2020

THE oil industry is in the midst of a crisis, taking hits all around. The number of rigs is going down, projects are getting stalled and people are being laid off amid a raging pandemic. Saudi Arabia, a long term player, had been striving in the past to keep spare capacity — and at a cost to itself — so …

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PLGMEA urges working Saturdays, double shifts


June 28, 2020

SIALKOT: The Pakistan Leather Garments Manu­facturers & Exporters Asso­ciation (PLGMEA) has urg­ed the government to exem­­pt export-oriented units in Punjab from lockdown restrictions on Saturdays too, besides allowing them to work in double shifts to complete their orders under full standard operating procedures. In a statement issued on Saturday, Syed Nadeem Abbas said the implementation of social distancing during industrial …

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Canadian visa programme may lure tech workers


June 28, 2020

TORONTO: A fast-track visa programme that Canada launched in 2017 has attracted a growing number of tech workers, and US President Donald Trump’s latest immigration crackdown is set to further boost intake once Covid-19 restrictions ease, lawyers say. The number of successful applicants to Canada’s Global Skills Strategy (GSS) programme rose five-fold over its first three years, with more than …

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Positive macros help stocks close the week higher


June 28, 2020

KARACHI: The stock market’s impressive rally in the outgoing week saw the KSE-100 index gain 501 points (1.5 per cent) and settle at 33,939. It started on a positive tone but the trend turned negative mid-week on fall in international oil prices and the sinking global markets amid fears of a second coronavirus wave. The market received support on the …

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